The self-amending crypto-ledger
Smart contract blockchain
Tezos is an decentralized blockchain system that develops the process of transactions by making formal verification easier. For those, who don’t know, what is formal verification, it is a method that is a protocol that examines the correctness of the code and smart contracts.
Tezos is a decentralized, future-proof smart contract blockchain with built-in consensus mechanism that promises to create a new digital commonwealth. It has TEZ tokens based on its own blockchain and it plans to give incentives to users who maintain consensus on their ledgers, unlike other blockchains. The team members have all their details mentioned on their website and they are well experienced so the overall team evaluation is positive. The website is pretty minimal giving just the required information and the whitepaper seem well and presented. Overall the project does not seem to be a scam and is actually doing pretty well in the market.
User ReviewWrite review 4 reviews
Having a decentral blockchain smart token governance fundraiser is what the project aims which I think is a great concept and it also provides users incentives for maintaining its ledgers and the algorithms are also not energy consuming which makes it more useful to many people. The team has big names and the website is well designed and I would suggest investing in this project.
I am less interested in this project,
Tezos is a new cryptocurrency with two core features - a self-governance system and the ability to form start contracts. It's got the features of Ethereum whilst also providing its own twist like a new programming language MICHELSON. They raising money via an Initial Coin Offering which lasts 20 days with no cap.
The disadvantages Tezos, I share much of the same concerns as below:
1. Tezos is an uncapped ICO — ICO is a bad idea if you don’t think the ecosystem will prosper. This differs from capped ICOs where investors are almost guaranteed to make a profit by flipping their tokens shortly after they hit the exchanges
2. Founders get 8.5% of the fiat proceeds in cash in addition to 10% of the tokens. Tezos Foundation get only (10% of tokens, plus fiat)
3. The scope of their roadmap is ridiculous please see ROAD MAP Section to understand further, specifcally the items marked in yellow.
So much hype, so much promises....it has so many big names backing it up... I jumped in because I thought this big investors definitely know what they are doing and won't be good to be left behind
It took The founders forever To let the cat out of the bag.... I have great expectations hope I don't get disappointed.
They claimed it's going to be better and bigger than Ethereum how true that's gonna be? Only time can tell.
Tezos is a decentralized blockchain platform that governs itself by establishing a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.
After reading their white paper and position paper I feel that their project has great substance and with onchain governance and proof of stake they bring great value to the whole blockchain ecosystem. Even OCaml as a technology is a very scalable though a less known functional programming language.
Disadvantages: there is no mining in Tezos.
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